Paperless Environment in Organization

Introduction: In this fast-moving world, a notable change in the working environment should not be considered spontaneous and awkward, as most of the leading companies in the market are striving to achieve a paperless mechanism for the organizations resulting in cost-effectiveness. It cuts down the expense of using papers for the documentation purpose and stokes...

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Return on Capital Employed

Return on Capital Employed? Explained Here: The accounting world elaborates “ROCE” abbreviated as “Return on Capital Employed” as a financial ratio measuring incorporation’s profitability and its level of efficiency through which incorporation has used its capital for the on-going operations. This is considered imperative as ‘Return on Capital Employed’ demonstrates the most unique aspects of...

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Abraham Maslow’s “Need Hierarchy Theory

Since the ‘motivation’ factor has been considered of paramount importance in the corporate world, various psychologists and researchers have presented their chunk of work in the form of theories and notions. It should be in our best interest that one of them is Abraham Maslow’s “Need Hierarchy Theory” which is quite simple to understand and...

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Clayton Alderfer ERG Theory

What’s motivation? Based on the research, ‘motivation’ is an internal surge or a general desire backed up with strong intents to achieve something or reaching out certain mile stones in life. Motivation is the most important aspects behind putting ourselves on the launching pad especially in the corporate world. There’s an overwhelming competition in the...

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Finance and Its Types

Considering it imperative, the word “finance” represents the two relatable activities spiraling up the business world. It includes an elaboration on the money dynamics, which emphasizes on its management and the other one caters to the right methods of acquiring the required funds for a company. It should be in our best interest that companies...

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The Purpose of Accounting

The term ‘accounting’ represents the art of recording, evaluating and summarizing business transactions in an organized manner which has proven to be significant for big and small enterprises in the world. It should be in our best interest that using the accounting formulations is downright essential, because without accounting, business owners can never enlighten investors...

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Income Statement

An income statement is best classified as a part of ‘financial statement’ emphasizing over the financial performance of the company for a limited accounting period. It is worth mentioning that an ‘income statement’ calculates the financial performance or its sustainability by highlighting how a company handles its bucket full of expenses and revenues through operating/non-operating...

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Balance sheet

A ‘Balance Sheet’ is one of the most familiar terms in accountancy, a financial statement incorporating the assets of the company along with their debts and shareholder’s equity recorded for a specific period. Comprised in three segments, a balance sheet indicates the true value of the company in terms of what it owns, owes and...

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Assets and Its Types in Accounting

The term ‘asset’ in the business world reflects to something ‘imperative’ and of great value, helping in accelerating income and unraveling other benefits in overall operations of the entities. It should be in our best interest that ‘assets’ are highlighted in a balance sheet either being intangible or tangible in nature. It is a source...

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Preferred Shares

What Are Preferred Stocks? It is appropriate to state that ‘preferred stocks’ are more powerful than the common stocks. Since their inception in the world of business, the accounting gurus have confirmed that preferred stockholders are given a higher value in the market along with a bigger claim on company’s earnings as well as its...

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